MBB Public Markets I LLC Buys Shares of 25,751 Marathon Petroleum Co. (NYSE:MPC)

MBB Public Markets I LLC purchased a new position in shares of Marathon Petroleum Co. (NYSE:MPC) in the second quarter, according to its most recent disclosure with the SEC. The firm purchased 25,751 shares of the oil and gas company’s stock, valued at approximately $4,467,000.

Several other institutional investors have also made changes to their positions in the company. Scarborough Advisors LLC lifted its stake in Marathon Petroleum by 10.7% in the fourth quarter. Scarborough Advisors LLC now owns 2,174 shares of the oil and gas company’s stock valued at $323,000 after acquiring an additional 210 shares during the last quarter. Global Assets Advisory LLC bought a new stake in Marathon Petroleum in the first quarter worth $36,823,000. Founders Financial Securities LLC increased its position in Marathon Petroleum by 22.8% during the second quarter. Founders Financial Securities LLC now owns 4,972 shares of the oil and gas company’s stock worth $863,000 after buying an additional 924 shares during the last quarter. Fidelis Capital Partners LLC raised its holdings in Marathon Petroleum by 3.2% during the first quarter. Fidelis Capital Partners LLC now owns 3,050 shares of the oil and gas company’s stock valued at $615,000 after buying an additional 94 shares in the last quarter. Finally, LRI Investments LLC acquired a new stake in shares of Marathon Petroleum in the first quarter worth about $97,000. 76.77% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on MPC shares. Mizuho cut their price objective on Marathon Petroleum from $198.00 to $193.00 and set a “neutral” rating on the stock in a research note on Monday, September 16th. Jefferies Financial Group boosted their price objective on shares of Marathon Petroleum from $222.00 to $231.00 and gave the stock a “buy” rating in a research note on Monday, July 15th. Tudor Pickering downgraded shares of Marathon Petroleum from a “strong-buy” rating to a “strong sell” rating in a report on Monday, September 9th. StockNews.com downgraded shares of Marathon Petroleum from a “buy” rating to a “hold” rating in a report on Friday, June 14th. Finally, Piper Sandler lowered their price target on Marathon Petroleum from $168.00 to $145.00 and set a “neutral” rating on the stock in a research report on Friday, September 20th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $197.69.

Marathon Petroleum Price Performance

Shares of NYSE:MPC opened at $163.65 on Friday. The firm has a market capitalization of $57.66 billion, a PE ratio of 8.17, a PEG ratio of 2.59 and a beta of 1.38. The company has a current ratio of 1.31, a quick ratio of 0.90 and a debt-to-equity ratio of 0.86. Marathon Petroleum Co. has a 1-year low of $139.32 and a 1-year high of $221.11. The business’s 50 day moving average is $169.73 and its 200-day moving average is $179.37.

Marathon Petroleum (NYSE:MPC) last posted its quarterly earnings results on Tuesday, August 6th. The oil and gas company reported $4.12 earnings per share for the quarter, topping analysts’ consensus estimates of $3.09 by $1.03. The firm had revenue of $38.36 billion for the quarter, compared to the consensus estimate of $36.66 billion. Marathon Petroleum had a net margin of 4.79% and a return on equity of 24.05%. The business’s revenue was up 4.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $5.32 earnings per share. Sell-side analysts predict that Marathon Petroleum Co. will post 10.56 earnings per share for the current year.

Marathon Petroleum Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Wednesday, August 21st were paid a dividend of $0.825 per share. This represents a $3.30 dividend on an annualized basis and a yield of 2.02%. The ex-dividend date was Wednesday, August 21st. Marathon Petroleum’s dividend payout ratio is 16.48%.

Marathon Petroleum Company Profile

Marathon Petroleum Corporation, together with its subsidiaries, operates as an integrated downstream energy company primarily in the United States. The company operates through Refining & Marketing, and Midstream segments. The Refining & Marketing segment refines crude oil and other feedstocks at its refineries in the Gulf Coast, Mid-Continent, and West Coast regions of the United States; and purchases refined products and ethanol for resale and distributes refined products, including renewable diesel, through transportation, storage, distribution, and marketing services.